Take a look at this short paper on regulatory reporting challenges for the small and mid-tier banking sector. As regulators are increasing raising reporting standards and their expectations of robust governance and controls over reporting processes, maximsing the value from regulatory reporting systems is critical in order to stay out of trouble and to create efficiencies to manage workload. This paper from my esteemed colleague Martin C. and team sets out some of the issues facing small and medium-size banks and how those firms might rise to the challenge, as well as how EY could help. If you want to know more about regulatory reporting process or for further insights and discussions do not hesitate to reach out to our team. Martin C., Richard Brown, Ian Cosgrove #eyfinancialservices #challengerbanks #regulatoryreporting #PRA #bankingsector #banking #compliance #control
At a time when regulators are raising regulatory reporting standards through the continued use of skilled person reviews, getting the best out of regulatory reporting systems is crucial. We take a look at the issues faced and how small and medium sized banks might rise to the challenge.